GROSS, ET AL. v. MOBIL CORPORATION

October 25,1995

PRESS RELEASE

San Francisco, California — Plaintiffs and pilots Malvern J. Gross,
Jr. and Paul Jimison succeeded today in obtaining preliminary approval of a
settlement in Gross, et al. v. Mobil Corporation, et al., Civil Action No. C
95-1237 SC, pending in the United States District Court for the Northern
District of California. The mandatory nationwide class action was certified by
the Court, and by agreement of the parties to include all owners of Teledyne
Continental 550, 520, 470 and 360 series engines who used Mobil AV-1 engine oil
for at least 150 hours.

The Settlement Agreement was reached after months of extensive negotiations
between plaintiffs' Class Counsel, Lieff, Cabraser, Heiman & Bernstein and
Harry Lehmann of Lehmann & Chase, and counsel for Mobil, Latham &
Watkins and Mendes & Mount. The Settlement provides for a detailed engine
inspection and repair program, as well as compensation for "clown-time."

The case involves an aircraft engine oil, "AV-1" designed, manufactured and
marketed by Mobil between approximately 1987 and June, 1994, which plaintiffs
alleged creates a continuing risk of damage to certain aircraft engines,
including risk of in-flight engine failure.

"This case has always been about pilot safety," said Lieff, Cabraser, Heimann
& Bernstein partner Michael F. Ram. "Under this settlement, pilots will be
made aware of the potential risks resulting from past AV-1 use. Next, they will
be given the opportunity to have their engines inspected and repaired. Third,
where damage has already been detected and addressed, they will be compensated."

Harry V. Lehmann, of Lehmann and Chase, one of the class counsel stated: "As
both a pilot and a lawyer, my concern from the start has been public safety and
this settlement provides for that concern; everybody gets to be well-informed
about the status of their aircraft. The inspection and repair protocols were
worked out through laborious consultation with highly qualified engineers. The
safety goals have been met."

Class Representative Malvern Gross, President Emeritus of the National
Aeronautic Association and a member of the Board of Directors of Experimental
Aircraft Association (EAA), commented "Today's court approval by the Federal
District Court of the inspection and repair program agreed to by Mobil is very
important because the lawsuit was about only one issue — safety of flight.
There are many pilots who are not aware of the damage that use of Mobil AV-1
synthetic oil may have caused, and now they can have their engines examined —
and repaired if damage is found. I am very pleased." Class Representative,
Califomia businmman and pilot, Paul Jimison stated: "I believe that anyone who
has used Mobil AV-1 and believes they may have been harmed will find that this
Settlement is very good. I found it hard to believe that a reasonable solution
could be found in such a short period of time within our present legal system. I
think that the safety factors involved were the prime moving force stimulating
both parties to find a common ground."

Owners of aircraft effected by the AV-1 oil will be notified of the proposed
settlement by mail and publication.

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